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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Stoctrash who wrote (11848)	2/6/2008 3:22:15 PM
From: Patrick Slevin	of 12410

Generally I pyramid Gold & Silver because I'm most familiar with them. I don't often position the SnP because I cut my teeth daytrading it. The concept of leaving a SnP trade on overnight was hard for me to grasp. Now with two accounts I'm getting used to it, but I still do it very rarely. I've never pyramided it from a positional standpoint. I think the "correct" stop would be in the mid-1200 area. 1250, say. But I'm not prepared to leave that much exposure. If the stop gets hit I'll just re-evaluate, I'm still daytrading on the other platform. ------------- If it goes much lower I'll get caught in a bum's rush today, it appears. It's funny, I was setting up last night to get Short & when I looked over the charts I changed my mind. Of course, I won't trade the Short side even from a daytrade as long as I'm positionally long so I'm sidelined at the moment. ------------ Not much news. Can't recall the last time we spoke. Still trading during the winter, laying off in the summer. You have a new position, don't you?

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